Author (Person) |
Farrand, Andrew
|
Publisher |
European Council on Foreign Relations (ECFR)
|
Series Title |
ECFR Policy Briefs
|
Publication Date |
October 2022 |
Content Type |
Research Paper |
|
Summary:
- Russia’s war on Ukraine has reshaped European energy markets and lent new urgency to the EU’s decarbonisation plans, altering the incentives of the bloc’s energy partners.
- Surging demand for Algeria’s oil and gas exports has temporarily undercut pressure for domestic reform, including in the energy sector.
- But growing local energy consumption and European plans to reduce fossil fuel imports in favour of renewables threaten Algeria’s rentier system.
- The country’s leaders have taken only minimal steps to build renewable energy capacity and remain fixated on raising hydrocarbon investment.
- While Algeria has little spare capacity to increase its hydrocarbon exports in the short term, it holds far more promise for Europe as a long-term partner in renewable energy.
- Europe’s ambitious climate goals, deep pockets, and technical expertise make it well placed to help Algeria kick-start a robust energy transition – if the country chooses to go along.
- At a high-level energy dialogue this month, EU and Algerian officials will convene for the first of many discussions to reshape the future of their energy partnership.
|
Source Link |
https://ecfr.eu/publication/against-the-flow-europes-role-in-kickstarting-algerias-green-transition/
|
Subject Categories |
Energy
|
Subject Tags |
Bilateral Relations, Energy Markets, Fossil Fuels
|
Keywords |
Greenhouse Gas | GHG Emissions, Natural Gas
|
Countries / Regions |
Algeria |
International Organisations |
European Union [EU] |
Record URL |
https://www.europeansources.info/record/?p=526456 |